Tuesday, July 1, 2014

They Are Restless And Impatient To Get To The Top, Yet Unwilling To Work From The Bottom

Last updated by Mei Mei Chuless than a minute ago

“Graduates these days come from colleges and immediately
want to become managers, without even any experience. You can’t scold
them and they can’t handle stress,” said Raj, who has spent 33 years in
the hotel business.

Although having a million bucks isn’t as impressive as it once was, it’s still nothing to sneeze at.
In fact, Reuters reports that in 2009 there are 7.8 million millionaires in the United States. That’s a lot of people and the odds are one or two of them are living near you.

Heck, one of them might even be your neighbor. In fact, the odds are very good that it is your neighbor.But, Len, you don’t know my neighbor. That guy doesn’t look anything like a millionaire.
Well, guess what? A millionaire who is truly financially savvy won't be easily recognizable.

1. He always spends less than he earns. In fact his mantra is, over
the long run, you’re better off if you strive to be anonymously rich
rather than deceptively poor.

2. He knows that patience is a virtue. The odds are you won’t become a
millionaire overnight. If you’re like him, your wealth will be
accumulated gradually by diligently saving your money over multiple
decades.

3. When you go to his modest three-bed two-bath house, you’re going to be drinking Folgers instead of Starbucks.
And if you need a lift, well, you’re going to get a ride in his
ten-year-old economy sedan. And if you think that makes him cheap, ask
him if he cares. (He doesn’t.)

4. He pays off his credit cards in full every month. He’s smart
enough to understand that if he can’t afford to pay cash for something,
then he can’t afford it.

5. He realized early on that money does not buy happiness. If you’re
looking for nirvana, you need to focus on attaining financial freedom.

7. He knows that getting a second job not only increases the size of
your bank account quicker but it also keeps you busy – and being busy
makes it difficult to spend what you already have.

8. He understands that money is like a toddler; it is incapable of
managing itself. After all, you can’t expect your money to grow and
mature as it should without some form of credible money management.

9. He’s a big believer in paying yourself first. Paying yourself
first is an essential tenet of personal finance and a great way to build
your savings and instill financial discipline.

10. Although it’s possible to get rich if you spend your life making a
living doing something you don’t enjoy, he wonders why you do. Life is
too short.

11. He knows that failing to plan is the same as planning to fail.
He also knows that the few millionaires that reached that milestone
without a plan got there only because of dumb luck. It’s not enough to
simply declare that you want to be financially free.

12. When it came time to set his savings goals, he wasn’t afraid to
think big. Financial success demands that you have a vision that is
significantly larger than you can currently deliver upon.

13. Over time, he found out that hard work can often help make up for
a lot of financial mistakes – and you will make financial mistakes.

14. He realizes that stuff happens, that’s why you’re a fool if you
don’t insure yourself against risk. Remember that the potential for
bankruptcy is always just around the corner and can be triggered from
multiple sources: the death of the family’s key bread winner, divorce,
or disability that leads to a loss of work.

15. He understands that time is an ally of the young. He was
fortunate enough to begin saving in his twenties so he could take
maximum advantage of the power of compounding interest on his nest egg.

16. He knows that you can’t spend what you don’t see. You should use
automatic paycheck deductions to build up your retirement and other
savings accounts. As your salary increases you can painlessly increase
the size of those deductions.

17. Even though he has a job that he loves, he doesn’t have to work
anymore because everything he owns is paid for – and has been for years.

19. After six months of asking, he finally quit waiting for you to
return his pruning shears. He broke down and bought himself a new pair
last month. There’s no hard feelings though; he can afford it.
So that’s it. Now you know what your millionaire neighbor won’t tell you.

The HR manager interviewed him then watched him cleaning the floor as a test.
"You are employed." He said." Give me your e-mail address and I'll send
you the application to fill in, as well as date when you may start."

The man replied "But I don't have a computer, neither an email."

I'm sorry", said the HR manager, "If you don't have an email, that
means you do not exist. And who doesn't exist, cannot have the job."

The man left with no hope at all. He didn't know what to do, with only
$10 in his pocket. He then decided to go to the supermarket and buy a
10Kg tomato crate. He then sold the tomatoes in a door to door round. In
less than two hours, he succeeded to double his capital. He repeated
the Operation three times, and returned home with $60. The man realized
that he can survive by this Way, and started to go everyday earlier, and
return late Thus, his money doubled or tripled every day.

Shortly, he bought a cart, then a truck, then he had his own fleet of
delivery vehicles. 5 years later , the man is one of the biggest food
retailers in the US .

He started to plan his family's future, and decided to have a life insurance.

He called an insurance broker, and chose a protection plan. When the
conversation was concluded, the broker asked him his email. The man
replied, "I don't have an email". The broker answered curiously, "You
don't have an email, and yet have succeeded to build an empire. Can you
imagine what you could have been if you had an email?!!"

The man thought for a while and replied, "Yes, I'd be an office boy at Microsoft!"

Moral of the story:

M1 - Internet is not the solution to your life.

M2 - If you don't have internet, and work hard, you can be a millionaire.

M3 - If you received this message, you are closer to being an office boy, than a millionaire. .........

Have a great day!!!

Smiling after reading is not mandatory!!!!
Akmal Adanan, Photographer
+6013.779.3993